China Journal Of Double-digit Growth In 2010 "
The Chinese economy grew 10.3 percent last year, but inflation above the government target full year, said Hong Kong Phoenix Television on its website Wednesday.
Broadcaster cited unnamed central bank sources as saying the figures had been "leaked" a day before the government had to release economic data for December and 2010.
The growth of gross domestic product compared with a revised 9.2 percent increase in 2009, marking the fastest annual growth since the global financial crisis - defying Beijing's efforts to cool the economy.
Analysts had predicted that the second-largest economy grew about 10 percent last year on the back of strong demand for Chinese exports and massive investment in real estate in the country.
China's CPI, a key measure of inflation, rose by 3.3 percent a year earlier of 12 months up to Beijing, during the whole year to reach three per cent of the cost of food has risen sharply, the report said.
But the rate of inflation fell to 4.6 percent in December year over the period compared to 5.1 percent in November, which was the fastest in more than two years.
"It may take some air into the argument that China is about to experience high inflation," said Mark Williams, an economist with London-based research firm Capital Economics.
The index of producer prices, which measures prices of goods leaving the factory, jumped 5.9 percent during the year, manufacturers passed on the cost of pumping of world trade.
Beijing has tried to slow the economy and controlling inflation amid fears that food prices and land costs are heavy household budgets and threatens to trigger social unrest.
Analysts have blamed the massive government stimulus measures in the past two years to combat financial crisis to flood the market with liquidity, leading to increased property prices and inflation.
The authorities have taken measures to close the tap repeatedly to bank loans so that new loans were almost twice 9600000000000 yuan in 2009, the banks heard the invitation of the Government to encourage the economy in the midst of the recession.
The central bank reiterated on Friday ordered banks to increase the amount of money they hold in reserve, which effectively sets a ceiling of loan, after raising interest rates for the second time since October.
Policy makers aim is to cut new loans in 2011, 10 per cent compared to last year, state media reported on Tuesday, when new loans in 2010 hit 7.95 trillion yuan, more than 7.5 trillion yuan, the official target.
House prices have remained stubbornly high, despite a series of government measures, such as hiking the minimum payments on real estate transactions of at least 30 percent to avoid a damaging price bubble.
Housing prices in major cities in China, posted the fourth straight month on month increase in December, and sales picked up - put the cost of housing out of many first home buyers.
Other data to be published by the National Bureau of Statistics Thursday include the fixed assets investment, industrial production and retail.
Broadcaster cited unnamed central bank sources as saying the figures had been "leaked" a day before the government had to release economic data for December and 2010.
The growth of gross domestic product compared with a revised 9.2 percent increase in 2009, marking the fastest annual growth since the global financial crisis - defying Beijing's efforts to cool the economy.
Analysts had predicted that the second-largest economy grew about 10 percent last year on the back of strong demand for Chinese exports and massive investment in real estate in the country.
China's CPI, a key measure of inflation, rose by 3.3 percent a year earlier of 12 months up to Beijing, during the whole year to reach three per cent of the cost of food has risen sharply, the report said.
But the rate of inflation fell to 4.6 percent in December year over the period compared to 5.1 percent in November, which was the fastest in more than two years.
"It may take some air into the argument that China is about to experience high inflation," said Mark Williams, an economist with London-based research firm Capital Economics.
The index of producer prices, which measures prices of goods leaving the factory, jumped 5.9 percent during the year, manufacturers passed on the cost of pumping of world trade.
Beijing has tried to slow the economy and controlling inflation amid fears that food prices and land costs are heavy household budgets and threatens to trigger social unrest.
Analysts have blamed the massive government stimulus measures in the past two years to combat financial crisis to flood the market with liquidity, leading to increased property prices and inflation.
The authorities have taken measures to close the tap repeatedly to bank loans so that new loans were almost twice 9600000000000 yuan in 2009, the banks heard the invitation of the Government to encourage the economy in the midst of the recession.
The central bank reiterated on Friday ordered banks to increase the amount of money they hold in reserve, which effectively sets a ceiling of loan, after raising interest rates for the second time since October.
Policy makers aim is to cut new loans in 2011, 10 per cent compared to last year, state media reported on Tuesday, when new loans in 2010 hit 7.95 trillion yuan, more than 7.5 trillion yuan, the official target.
House prices have remained stubbornly high, despite a series of government measures, such as hiking the minimum payments on real estate transactions of at least 30 percent to avoid a damaging price bubble.
Housing prices in major cities in China, posted the fourth straight month on month increase in December, and sales picked up - put the cost of housing out of many first home buyers.
Other data to be published by the National Bureau of Statistics Thursday include the fixed assets investment, industrial production and retail.